Positive Trends: Aramid Fiber Sector Predicted to Reach 5.5% CAGR Growth by 2033

 

The global aramid fiber market is set to witness an impressive growth rate of 5.3% over the forecasted years of 2022 to 2032. The global aramid fiber market size is anticipated to reach a valuation of around US$ 6.4 Billion by the end of year 2032 from the current valuation of US$ 3.8 Billion in 2022.

The global aramid fiber market is being driven by the rising necessity for extremely lightweight polymers from the automobile and armed services & defense sectors for a variety of applications. Additionally, the restrictions pertaining to the reduction of carbon emissions force a number of industrial participants to search for substitute reinforced fibers have fueled the growth aramid fiber market growth even more.

Drive Innovation: Request Your Sample and Lead with Cutting-Edge Insights:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15208

Several industrial protection products is the major application segment of the global aramid fiber market, which is also anticipated to rise positively, thanks to the rising usage of the aromatic polyamides in personal protective gears especially that is resistant to bullets and stabs as well if used in helmets and surgical gloves.

The need for protective gears is being fueled by strict safety rules for the workers in sectors including oil and gas, construction, aluminum, and steel, which would be boosting the global aramid fiber market opportunities all over the world.

Owing to its growing demand for several modern-day industrial applications, the para-aramid fiber type is expected to experience the most substantial expansion among all the product types. In contrast, the global aramid fiber market opportunities is anticipated to get constrained by substantial R&D expenses and the non-biodegradability of aramid fibers.

Key Takeaways from Market Study

  • The absolute growth of the global aramid fiber market in terms of dollars is estimated to be around US$ 3.4 Billion during the coming decade by following the average CAGR of 5.3%.
  • The para-aramid fiber group holds the major share of the global aramid fiber market by contributing for almost 75% of the sales achieved globally.
  • While the meta-aramid fiber group is expected to witness the highest growth rate owing to its better thermal resistance capacities.
  • In application categories, security & protection segment remains the dominant sector for the global aramid fiber market share.
  • On the other hand, recent developments in automobile industry have rendered the frication material application segments as a lucrative option for several global aramid fiber market players.
  • Traditionally, Europe retained the leading market for aramid fiber composited, that has overturned in recent years owing to the industrialization and gradual trade shift towards the Asia Pacific economies.
  • The Asia Pacific region is projected to grow at a pace of 6% CAGR, mainly driven by the China aramid fiber market.

Competitive Landscape

Some of the major global aramid fiber market players are Teijin Ltd., Yantai Tayho Advanced Materials Co, E. I. du Pont de Nemours and Company (DowDuPont), Hyosung & Hyosung Corp., Toray Chemicals South Korea, Inc., Kermel S.A., Kolon Industries, Inc., Huvis Corp., China National Bluestar (Group) Co., Ltd., and SRO Aramid (Jiangzu) Co., Ltd. among others.

Recent Developments in the Global Aramid Fiber Market:

  • The anticipated 25 percent improvement for TEIJIN LIMITED’s Twaron aramid fibers entered its next phase in November 2019. This key aramid fiber company’s operation is expected to benefit from the production boost, which is anticipated to happen by 2022 at both of its Dutch plants in Delfzijl and Emmen.
  • Teijin Ltd. achieved the development of high-performance para-aramid fibers using eco-friendly raw materials in 2020. Numerous products, such as vehicle tires, air transport vessels, and personal protective apparels, utilize these fibers.

Global Aramid Fiber Market by Segmentation

By Product Type:

  • Para-Aramid
  • Meta-Aramid

By Application:

  • Security & Protection
  • Frictional Materials
  • Rubber Reinforcement
  • Optical Fibers
  • Tire Reinforcement
  • Electrical Insulation
  • Aerospace
  • Others

 

Comments

Post a Comment

Popular posts from this blog

Automotive Brake System & Components Industry – Driving Safety and Innovation

  The   automotive brake system and components industry   is estimated to reach a valuation of USD 69,403.5 million in 2023, with projections indicating growth to USD 109,862.1 million by 2033. The market is anticipated to achieve a notable CAGR of 4.7% over the forecast period. The automotive brake system and components industry is at the heart of vehicle safety and performance, continuously evolving to meet modern driving demands. With innovations in braking technology and increasing emphasis on vehicle safety standards, the industry is poised for robust growth. According to market insights, the demand for advanced brake systems and components is accelerating due to rising vehicle production, advancements in electrification, and stricter safety regulations globally. In-Depth Market Analysis:  A Complete Report Key Drivers of Growth Stringent Safety Regulations: Governments worldwide are enforcing stricter safety standards, mandating advanced braking systems such as...
Read more

Global Automotive Tire Market Expands with Surge in Vehicle Sales and Sustainable Mobility Solutions

  The global   automotive tire market   is poised for substantial growth, with its valuation expected to rise from USD 256.1 billion in 2025 to USD 471.7 billion by 2035, representing a compound annual growth rate (CAGR) of 6.3%. This growth is primarily driven by a significant increase in global vehicle production, including both passenger and commercial segments. Evolving consumer preferences for fuel-efficient, performance-oriented, and safer driving experiences are prompting tire manufacturers to focus on innovation in materials and design. The market is also benefiting from the surge in electric vehicles, which require specialized tire configurations to manage higher torque loads and ensure energy efficiency. Developing regions across Asia-Pacific, Latin America, and Africa are contributing heavily to demand growth due to ongoing industrialization, infrastructure development, and urbanization. Additionally, the rapid rise of e-commerce has boosted logistics and trans...
Read more

Valve Seat Inserts Market to Reach USD 9.8 Billion by 2035, Fueled by Emission Regulation & Automotive Production Growth

  The  valve seat inserts market  is likely to expand from USD 6.6 billion in 2025 to USD 9.8 billion by 2035. A CAGR of 3.9% is forecasted during this period. This expansion is driven by rising global automotive production, particularly in emerging markets, and increasingly stringent emission and fuel-efficiency regulations. The implementation of Euro 7 standards in Europe and the USA’s EPA Tier 3 norms has accelerated demand for high-precision inserts that enhance combustion efficiency and reduce pollutant output. As automakers aim to comply with increasingly aggressive carbon neutrality targets, precision engine components like valve seat inserts are essential for achieving optimal engine performance and reduced emissions. The automotive sector continues to be the dominant consumer of valve seat inserts, accounting for a significant share of market demand. These inserts play a crucial role in internal combustion engines by providing a durable sealing surface for intake...
Read more